Greyhill Group has acquired a mixed-use property at 150 4th Street in downtown Troy, New York for $1.2 million. The property has 15 recently renovated residential units, primarily rented by local Rensselaer Polytechnic Institute students and one retail storefront leased to The Laundry Factory, a self-run laundromat. The building is next door to the Vicina new development.
Mo Bloorian, managing partner at Greyhill Group worked alongside managing partner, Jacob Herskowitz to close the deal.
Despite the COVID-19 pandemic, the Greyhill Group team has expanded their portfolio acquiring more than 150 units in the Capital Region in New York alone.
“We are using the uncertain market conditions to our advantage by acquiring only the best multifamily assets and pivoting to heavily invest in industrial properties,” Bloorian said.
Greyhill Group is actively expanding, focusing on the acquisition of industrial properties and multifamily buildings in multiple counties across Connecticut, New Jersey and the Capital Region of New York.